Banking Awareness Quiz Set 34

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Banking Awareness Quiz Set 34

1. Which allows banks and other financial institution to auction residential or commercial properties to recover loans?

A. Industrial Disputes Act 1947

B. Foreign Exchange Management Act, 1999

C. Banking Regulation Act, 1949

D. SARFAESI Act, 2002

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2. Which of the following is a type of Biller?

A. Online Mode

B. Offline Mode (A)

C. Offline Mode (B)

D. All of the Above

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3. Which of the following will be the authorized operational units?

A. BBPCU

B. BBPOU

C. Biller

D. All of the Above

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4. To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________

A. Payment and Settlement Systems (PSS) Act 2007.

B. Foreign Exchange Management Act, 1999

C. Banking Regulation Act, 1949

D. SARFAESI Act, 2002

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5. Which of the following will function as the Bharat Bill Payment Central Unit (BBPCU), single authorized entity operating the BBPS?

A. RBI

B. NPCI

C. GOI

D. All of the Above

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6. In which of the following mode, BBPOU will confirm the bill payment basis the bill information dump provided by the respective biller?

A. Online Mode

B. Offline Mode (A)

C. Offline Mode (B)

D. All of the Above

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7. In which of the following mode, the BBPOU receives all the bill payment requests for that particular biller without any validation?

A. Online Mode

B. Offline Mode (A)

C. Offline Mode (B)

D. All of the Above

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8. ________ have been awarded the license by the Central Bank to operate Bharat Bill Payment System (BBPS) recently.

A. Common Service Centres (CSC)

B. Financial Institutions

C. Only (A)

D. Both (A) and (B)

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9. As per the Reserve Bank of India, BBPS will initially accept utility bill payments such as _________

A. Telephone Bill

B. Electricity Bill

C. DTH services

D. All of the Above

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10. As per the licensing norms of RBI, a new bank must have a _______ capital

A. 200 Crore

B. 100 Crore

C. 1000 Crore

D. 500 Crore

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11. Who among the following inaugurates Bandhan Bank as full-fledged scheduled commercial bank?

A. Narendra Modi

B. Rajnath Singh

C. Santosh Gangwar

D. Arun Jaitley

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12. Which is the first bank to be set up in the eastern part of India after Independence?

A. UCO Bank

B. Allahabad Bank

C. United Bank of India

D. Bandhan Bank

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13. Bandhan Bank is headquartered in _______

A. Mumbai

B. Kolkata

C. Chennai

D. Bangalore

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14. Which of the following is the slogan of Bandhan Bank?

A. Hum Hai na

B. Aapka Bhala, Sabki Bhalai

C. Aao Sochein Bada

D. Both (A) and (C)

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15. Bandhan Bank starts with a capital base of ______ crore

A. 2500 Crore

B. 1070 Crore

C. 2570 Crore

D. 2470 Crore

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16. Which of the following is/are the loan product(s) of Bandhan Bank?

A. Agri Loan

B. MSME loan

C. Retail loan

D. Both (A) and (C)

E. All of the Above

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17. IDFC Bank is headquartered in _______

A. Mumbai

B. Kolkata

C. Chennai

D. Bangalore

E. None of the Above

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18. Which of the following is/are the product(s) of IDFC Bank?

A. Commercial Banking

B. Bharat Banking

C. Retail Banking

D. Business Banking

E. All of the Above

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19. Who among the following launched IDFC Bank?

A. Narendra Modi

B. Rajnath Singh

C. Santosh Gangwar

D. Arun Jaitley

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20. Which of the following is the clearing agency for Government securities?

A. RBI

B. GOI

C. CCIL

D. SEBI

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21. Which of the following is the mode of settlement of securities wherein the transfer of securities and funds happen simultaneously?

A. Delivery versus Payment (DvP)

B. Duration

C. Convexity

D. All of the Above

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22. The monetary ceiling of amount for settlement through Lok Adalat is _________

A. 5 lakh

B. 10 lakh

C. 15 lakh

D. 20 lakh

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23. An EEFC account can be held only in the form of a ________

A. Current Account

B. Savings Bank Account

C. Loan Account

D. All of the Above

E. None of the Above

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24. _______ is used for electronic dealing and reporting of transactions in government securities

A. Delivery versus Payment (DvP)

B. Negotiated Dealing System (NDS)

C. Risk Mitigation

D. All of the Above

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25. Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets under _______ of the Banking Regulation Act, 1949

A. Section 35A

B. Section 25A

C. Section 15A

D. Section 30A

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26. The first Indian RRB that has achieved Core Banking Solution(CBS) is ________

A. Rushikulya Gramya Bank (RGB)

B. Pallavan Bank

C. Bangiya Gramin Vikash Bank

D. Allahabad UP Gramin Bank

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27. The government of India closed ______ and established National Company Law Tribunal and National Company Law Appellate Tribunal.

A. IIFCL

B. BIFR

C. SICA

D. Both (A) and (C)

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28. “Islamic Banking” the term used for _______

A. Covering Banking to the Islamic nation

B. prohibition of the collection and payment of interest

C. Sharing of Profit and Loss

D. Both (A) and (B)

E. Both (B) and (C)

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29. RBI can inspect the branches of Banks under _______ of the Banking Regulation Act, 1949